Purpose of management approach

Avoid and mitigate impact on climate change. Increase use and production of renewable energy, and mitigate negative environmental impacts from operations.

Policies and commitments

Subject to the EED, energy efficiency audit law.

Member of the Finnish Property and Building sector Energy Efficiency Agreement 2017–2025.

Strategic targets (Energy efficiency, Carbon footprint, Renewable energy, Building certifications) guide the work.

New buildings

All new development projects will obtain a green building certificate. In addition to external environmental classification principles, Citycon has internal guidelines.

Existing buildings

Internal guidelines as well as external benchmarks used.

All assets to be BREEAM In-Use certified by year-end 2022 with minimum level of good or higher.

Targets and actions

Main results 2020 are presented in the Sustainability Accounts on page 7. Citycon´s long term main objectives are presented on page 8 in the Sustainability Accounts and Citycon's full sustainability strategy is available online at https://www.citycon.com/sustainability/sustainability-strategy.

Responsibilities and resources

Business operations are supported by group level coordinator. Heads of sustainability, legal and HR all report to the CEO or COO.

The management of environmental matters is coordinated at group level with the objective of sharing best practices throughout the company.

Evaluation of management approaches

We follow up on results achieved and develop our management practices in connection to other strategic policies, the risk management programme and changes in the internal and external operating environments. The Corporate Management Committee (CMC) makes a thorough review of the sustainability strategy and strategic actions every third year. The sustainability team provides yearly progress reports to the CMC on the strategic sustainability actions.